River Run Bancorp, MHC, the mutual holding company of Newburyport Bank and Pentucket Bank, is pleased to announce the election of five new Corporators during its second Annual Meeting held on March 24, 2025. The following individuals join the ranks of the nearly three hundred Corporators who collectively oversee the strategic direction of River Run:
- Elizabeth Blackburn, Retired Clerk of the Corporation for Newburyport Bank and River Run Bancorp, MHC
- Michael Bonsey, Executive Vice President and Chief Risk Officer for River Run
- John Burcke, President and Chief Lending Officer for Newburyport Bank
- Pati Fernández, Director of Development for Esperanza Academy in Lawrence
- Beth McNeff, Executive Vice President and Chief Human Resources Officer for River Run
"We are pleased to welcome Elizabeth, Mike, John, Pati, and Beth to our esteemed group of River Run Corporators,” said Lloyd L. Hamm, Jr., President & CEO of River Run Bancorp, MHC. "Their collective knowledge, experience and commitment to our communities and our banks will be invaluable as we continue to strengthen our mutual banking model and serve the evolving needs of our customers."
In their roles as Corporators, the individuals will serve as ambassadors for River Run and its banks within the communities they serve, while also be called upon to exercise voting authority on strategic bylaw amendments and other organizational matters. Most recently, Corporators approved the addition of Rollstone Bank & Trust to the River Run family, a move expected to be finalized by mid-2025, pending the necessary regulatory approvals.
About River Run
River Run Bancorp, MHC is redefining the future of community banking by preserving the mutual banking model while empowering its affiliated banks to maintain their independent brands and deep local commitments. Established in 2023, River Run provides strategic support and shared resources to Newburyport Bank and Pentucket Bank, ensuring they can continue to serve their customers and communities with strength, stability, and a personal touch. Together with its banks, River Run is dedicated to sustaining community banking for generations to come.